Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue      
Passenger ticket $ 3,750,030 $ 3,388,954 $ 3,129,075
Onboard and other 1,646,145 1,485,386 1,215,973
Total revenue 5,396,175 4,874,340 4,345,048
Cruise operating expense      
Commissions, transportation and other 894,406 813,559 765,298
Onboard and other 319,293 298,886 272,802
Payroll and related 803,632 746,142 666,110
Fuel 361,032 335,174 358,650
Food 198,357 200,071 179,641
Other 486,924 456,393 412,948
Total cruise operating expense 3,063,644 2,850,225 2,655,449
Other operating expense      
Marketing, general and administrative 773,755 666,156 554,999
Depreciation and amortization 509,957 432,495 432,114
Total other operating expense 1,283,712 1,098,651 987,113
Operating income 1,048,819 925,464 702,486
Non-operating income (expense)      
Interest expense, net (267,804) (276,859) (221,909)
Other income (expense), net (10,401) (8,302) (46,668)
Total non-operating income (expense) (278,205) (285,161) (268,577)
Net income before income taxes 770,614 640,303 433,909
Income tax expense (10,742) (7,218) (6,772)
Net income $ 759,872 $ 633,085 $ 427,137
Weighted-average shares outstanding      
Basic (in shares) 228,040,825 227,121,875 226,591,437
Diluted (in shares) 229,418,326 227,850,286 230,040,132
Earnings per share      
Basic (in dollars per share) $ 3.33 $ 2.79 $ 1.89
Diluted (in dollars per share) $ 3.31 $ 2.78 $ 1.86